First Reading of the Draft Act on the Ratification of the Agreement between the Government of the Republic of Estonia and the Government of the State of Qatar for the Avoidance of Double Taxation with respect to Taxes on Income and the Prevention of Tax Evasion and Tax Fraud, and its accompanying Protocol (450 SE)
Session: 15th Riigikogu, 3rd sitting, plenary session.
Date: 2024-06-11 14:52
Participating Politicians:
Total Speeches: 5
Membership: 15
Agenda Duration: 2m
AI Summaries: 5/5 Speeches (100.0%)
Analysis: Structured Analysis
Politicians Speaking Time
Politicians
Analysis
Summary
The fifth item on the agenda concerns the first reading of Draft Act 450, initiated by the Government of the Republic of Estonia, regarding the ratification of the agreement between Estonia and Qatar on the avoidance of double taxation with respect to income tax, and the protocol accompanying it. The purpose of the agreement is to eliminate double taxation arising from the combined effect of the laws of the two states, to fairly allocate taxation rights, and to prevent tax barriers and tax fraud, thereby offering stability in the tax environment to both foreign investors and Estonian entrepreneurs. The agreement was signed in Doha on March 7, 2024, and is based on the OECD Model Convention; as of June 1st, Estonia has 63 valid tax treaties.
Decisions Made 1
Collegial Decision: to conclude the first reading of Draft Act 450; the first reading is concluded; the deadline for submitting amendments is June 26 at 5:15 PM; there are no requests for debate; the agenda is set for discussion on June 11.
Most Active Speaker
The most active speaker was Marek Reinaas, a member of the Finance Committee (position: other).
Aseesimees Toomas Kivimägi
AI Summary
Under the sixth item on the agenda, the first reading of Draft Act No. 450 on the ratification of the Agreement between the Government of the Republic of Estonia and the Government of the State of Qatar for the Avoidance of Double Taxation with respect to Taxes on Income, and its Protocol, will be discussed.
Rahandusminister Mart Võrklaev
AI Summary
The ratification of the tax treaty concluded between Estonia and Qatar is being presented to the Riigikogu. The treaty aims to eliminate international double taxation, allocate taxing rights, prevent discriminatory taxation and tax evasion, and limit existing domestic taxing rights. The agreement was signed in Doha on March 7, 2024, and is based on the OECD Model Convention. As of June 1st, Estonia has 63 valid tax treaties in force.
Aseesimees Toomas Kivimägi
AI Summary
Deputy Chairman Toomas Kivimägi thanks the minister that there are no questions, and Marek Reinaas, a member of the Finance Committee, presents the leading committee's positions and the discussion.
Marek Reinaas
Profiling Fraktsiooni mittekuuluvad Riigikogu liikmedAI Summary
On June 4th, the Finance Committee discussed the double taxation agreement between the Republic of Estonia and Qatar. The Minister's thorough presentation precluded the need for questions or comments, leading to the consensual adoption of procedural decisions. Consequently, it was decided to add the draft bill to the agenda for June 12th, though by mutual agreement, that date has been moved to today, June 11th.
Aseesimees Toomas Kivimägi
AI Summary
Toomas Kivimägi announced that the lead committee intends to conclude the first reading of Bill 450, that no debate is requested, and that the deadline for submitting amendments is 17:15 on June 26th.